If we think (and there have been numerous posts here to support this idea) that all major banks are going to fail because of over-investing in derivatives, what should we do if we have money in those banks? Pull it out in cash? Convert it to silver or gold? Put the cash under our mattress? And will cash be worth anything?
So if we have cash in checking or savings with a bank, how can we protect our assets?
so what will you be using to buy your bread ? Gold can be clipped by weight and will command more purchasing power that most other assets, even for bread.
By clipped, I mean that a 1 ounce coin or bar can be cut into smaller bits, for transactions, same with silver. Precious metals will be universally be accepted as payment in times of major unrest, as it is in peacetime.